Common use of LIBOR Breakage Amount Clause in Contracts

LIBOR Breakage Amount. Upon any payment of the Loan (or any portion thereof) on any day that is not the last day of the Libor Interest Period applicable thereto (regardless of the source of such prepayment and whether voluntary, by acceleration or otherwise), Borrower shall pay to Administrative Agent, for the account of Lenders, the Libor Breakage Amount.

Appears in 1 contract

Sources: Loan Agreement (Summit Healthcare REIT, Inc)

LIBOR Breakage Amount. Upon any payment of the Loan (or any portion thereof) on any day that is not the last day of the Libor Interest Period applicable thereto (regardless of the source of such prepayment and whether voluntary, by acceleration or otherwise), Borrower Borrowers shall pay to Administrative Agent, for the account of the Lenders, the Libor Breakage Amount.

Appears in 1 contract

Sources: Loan Agreement (Care Capital Properties, Inc.)

LIBOR Breakage Amount. Upon any payment of the Loan (or any portion thereof) on any day that is not the last day of the Libor Interest Period applicable thereto a scheduled monthly Payment Date (regardless of the source of such prepayment and whether voluntary, by acceleration or otherwise), Borrower Borrowers shall pay to Administrative Agent, for the account of Lenders, Lenders the Libor Breakage Amount.

Appears in 1 contract

Sources: Loan Agreement